What's behind the current THB strength?

[dingdongrb]

Appears to have made a nice increase going into the weekend..... 33.40+

 

[CallumWK]

  On 10/4/2024 at 4:07 AM, KhunLA said:

USD skyrockets against the THB, breaking new record high, for this week 

 

We can all go shopping now for a treat, now that back over 33.   If I didn't jinx it ... oh crap 

 

Maybe a Lao Dark instead of Archa 

Expand  

 

I still had 100K US$ sitting in my FCD account. On Monday, when I saw it go lower every time I clicked on XE, I cut my losses and exchanged at 32.11 Baht.

At the time of typing this post I would get about 33.20 from Kasikorn.

I'm packing the Lao Dark I bought last week to return to shop, and get Archa instead

[CallumWK]

  On 10/4/2024 at 12:05 PM, Schoggibueb said:

Lets see what happens after the 16th of October when BOT has their meeting. The pressure is rising to cut intrest rates.

Expand  

 

If they cut interest rates, the exchange rate for us foreigners obviously will get better than today

[KhunLA]

I'm have a vision .... HAPPY NEW YEAR

 

 

 

Honey ... you going to pass that, or bogart it all night ... 

[dingdongrb]

  On 10/4/2024 at 1:13 PM, CallumWK said:

 

I still had 100K US$ sitting in my FCD account. On Monday, when I saw it go lower every time I clicked on XE, I cut my losses and exchanged at 32.11 Baht.

At the time of typing this post I would get about 33.20 from Kasikorn.

I'm packing the Lao Dark I bought last week to return to shop, and get Archa instead

Expand  

What kind of interest rate does your $ earn in that FCD account?

 

Can't take away my Lao Dark..

[dingdongrb]

  On 10/4/2024 at 1:56 PM, KhunLA said:

I'm have a vision .... HAPPY NEW YEAR

 

 

 

Honey ... you going to pass that, or bogart it all night ... 

Expand  

Seems like a long time ago when I last saw a rate that high...I doubt I will ever see it again....but it sure would put a smile on my face. 

[CallumWK]

  On 10/4/2024 at 2:11 PM, dingdongrb said:

What kind of interest rate does your $ earn in that FCD account?

Expand  

 

In one word. nothing.

 

I might be lying, I think the 100K earned me about 600 baht a year

[dingdongrb]

  On 10/4/2024 at 2:15 PM, CallumWK said:

 

In one word. nothing.

 

I might be lying, I think the 100K earned me about 600 baht a year

Expand  

So let me see if I understand you correctly. You have $100k USD sitting in an account that gives you practically 0 interest.

 

Why?

 

I would be having that chunk of change in a high dividend paying stock earning 80k THB a month, or more (before taxes).

 

[CallumWK]

  On 10/4/2024 at 3:09 PM, dingdongrb said:

So let me see if I understand you correctly. You have $100k USD sitting in an account that gives you practically 0 interest.

 

Why?

 

I would be having that chunk of change in a high dividend paying stock earning 80k THB a month, or more (before taxes).

 

Expand  

 

Maybe I have a bit more than 100K US$, and are actually spreading my investments. Ever considered that?

In fact a multiple of the 100K was deposited in the FCD end of 2015, think the rate was about 37 at that time, with the intention to exchange when the rate would get better.

Bad investment, as it only went down from that point.

I exchanged parts of it in the last 12 months at better rates as Monday, but honestly made a huge loss on the whole amount.

I know, all members here buy low and sell high, as it is just as easy as that, but I'm the exemption on that.

[CallumWK]

  On 10/4/2024 at 3:09 PM, dingdongrb said:

I would be having that chunk of change in a high dividend paying stock earning 80k THB a month, or more (before taxes).

Expand  

 

Yeah sure, you would have ~ 3,700,000 Baht sitting in a stock earning you 1 million a year.

 

 

[dingdongrb]

  On 10/4/2024 at 3:32 PM, CallumWK said:

 

Yeah sure, you would have ~ 3,700,000 Baht sitting in a stock earning you 1 million a year.

 

 

Expand  

Duhhhh.... I currently have twice that amount invested in about 10 different tickers.  I would say 5 of those are considered high paying dividend stocks.....I spread the risk around....I've been investing for years and wasn't born last night.

 

Let me see....YMAX

 

1K shares at a cost of less than $20k USD will get you around $200 USD a WEEK in dividends.... (~6,500 THB).

 

Can you do the math or do you need any help....and do note, that's just $20k on a single ticker!

[CallumWK]

  On 10/4/2024 at 4:09 PM, dingdongrb said:

Duhhhh.... I currently have twice that amount invested in about 10 different tickers.  I would say 5 of those are considered high paying dividend stocks.....I spread the risk around....I've been investing for years and wasn't born last night.

 

Let me see....YMAX

 

1K shares at a cost of less than $20k USD will get you around $200 USD a WEEK in dividends.... (~6,500 THB).

 

Can you do the math or do you need any help....and do note, that's just $20k on a single ticker!

Expand  

 

Everyone can cherry-pick something to make his point. Tell us about your losers. Oh wait, you only have winners, of course, that is why you live in Isaan in a rental house and post threads about downsizing.

[dingdongrb]

  On 10/4/2024 at 4:15 PM, CallumWK said:

 

Everyone can cherry-pick something to make his point. Tell us about your losers. Oh wait, you only have winners, of course, that is why you live in Isaan in a rental house and post threads about downsizing.

Expand  

Perhaps you don't know this so let me help you out. You have to sell to get a loser. The only losers I have are the OTC tickers I play. But I only go after them to satisfy my gambling urge and to hit some nice payoffs. I then invest those OTC winners in big board tickers which are ripe for gains or those that have a good dividend payout.

Sure, I bought some YMAX shares above $20 and if sold them now I would lose on my initial investment. But why sell when I get such nice dividends?

 

Yes, you are correct I have lost quite a few times playing the penny OTC tickers, but the winners I have made there greatly surpass the losers.

 

Isaan rental, downsizing....great personal bashing, you got me busting a gut. However you really should focus more on your investment tactics.$100k just sitting idle...hmmmm

[gamb00ler]

I messed up

[CallumWK]

  On 10/4/2024 at 5:23 PM, dingdongrb said:

However you really should focus more on your investment tactics.$100k just sitting idle...hmmmm

Expand  

 

I had 300K US$ and 320K Euro sitting idle in a Kasikorn FCD for almost a decade, but I considered it chump change. Got it?

I made a wrong investment decision at that time, but even if it went to zero, I wouldn't have to reduce the size of my breakfast or move to Isaan to survive.

 

I obviously don't have the investor knowledge most members on this forum have, but even at only 1.5% on my current savings in Thai banks, I'm sure the money gonna outlast me, and I don't even mention the funds in my home country accounts, so why take any risks

[dingdongrb]

  On 10/4/2024 at 6:25 PM, CallumWK said:

 

I had 300K US$ and 320K Euro sitting idle in a Kasikorn FCD for almost a decade, but I considered it chump change. Got it?

I made a wrong investment decision at that time, but even if it went to zero, I wouldn't have to reduce the size of my breakfast or move to Isaan to survive.

 

I obviously don't have the investor knowledge most members on this forum have, but even at only 1.5% on my current savings in Thai banks, I'm sure the money gonna outlast me, and I don't even mention the funds in my home country accounts, so why take any risks

Expand  

Wow, I didn't know that I was bickering with Elon Musk, sorry.

 

UNCLE......

[CallumWK]

  On 10/4/2024 at 6:38 PM, dingdongrb said:

Wow, I didn't know that I was bickering with Elon Musk, sorry.

Expand  

 

 Surely I'm not on his level, and the amounts I have mentioned should not sound outrageous to any seasoned investor.

 

Obviously, you are not on that level but just a wind up. Which school you are teaching English?

[swissie]

Maybe we should start to realise that the century of US/European dominance of the world is coming to an end. Politically and economically.

The next century will belong to Asia, S/E Asia. No wonder that those currencies are starting to reflect this fact.

Currency exchange rates of 20 years ago will never come back again. Period.

One can "hedge" the future decline of "western currencies" at an insurance premium of 5% per year (average).
The other "hedge" is Gold. Unfortunately the Gold hedge also costs you about 5% per year (carrying charge).

Rats! The devil never sleeps.

[Dan SG]

I'm not sure if it's just a glitch with XE but seems to be moving downwards quite a bit over the weekend....hoping it doesn't start Monday down and continue that trend.....have a large transfer this week 

[chiang mai]

  On 10/6/2024 at 9:39 AM, Dan SG said:

I'm not sure if it's just a glitch with XE but seems to be moving downwards quite a bit over the weekend....hoping it doesn't start Monday down and continue that trend.....have a large transfer this week 

Expand  

Exchange rate reporting management passes to Thompson Reuters on Friday night and volumes are very small over the weekend, on Monday morning management passes back to the FOREX when normal volumes resume.

 

The Dollar Index surged on Friday to 102.5, which should see a stronger USD at the open but Thailand opens before the US so the effect may not be felt. The Middle East and the oil price are the current drivers.

. 

[Dan SG]

  On 10/6/2024 at 9:45 AM, chiang mai said:

Exchange rate reporting management passes to Thompson Reuters on Friday night and volumes are very small over the weekend, on Monday morning management passes back to the FOREX when normal volumes resume.

 

The Dollar Index surged on Friday to 102.5, which should see a stronger USD at the open but Thailand opens before the US so the effect may not be felt. The Middle East and the oil price are the current drivers.

. 

Expand  

Many thanks for clarifying that CM.  I had always wondered what happens over the weekend

[chiang mai]

  On 10/6/2024 at 10:19 AM, Dan SG said:

Many thanks for clarifying that CM.  I had always wondered what happens over the weekend

Expand  

Bangkok Bangkok opens this morning with USD/THB at 3.31. an improvement on Fridays 32.86, I hope it holds for you. 

[oceanbluejewell]

 

[Schoggibueb]

  On 10/7/2024 at 4:12 AM, oceanbluejewell said:

 

Expand  

To keep it simple (english isn't my mothers tounge) as also this is NOT a financial advice...

 

"Diversification is a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk. Diversification is most often done by investing in different asset classes such as stocks, bonds, real estate, or cryptocurrency."

 

If you want to keep it simple, work only with stable currencies and possibly gold.

You can open a additional account (e.g. Wise or maybe also Revolut) for digital banking to hold different (stable) currencies. Transaction costs are much less as with "classic" banks. And you have additional options like to fix a certain amount to exchange automatically to Thai Baht when the exchange rate reaches that point...

 

Opening a digital Bank account costs you nothing (zero!) - except a bit time for the setup. I work now since a half a year with Wise. Reliable and simple to handle. Make first a "test-run" with a small amount. Check also on the net about their reputation etc...

 

BUT: you have no intrest rate. And keep in mind, the statutory deposit guarantee protects €100,000 per deposit or per bank.

 

[KhunLA]

Remember folks, it's always just a temporary 10-15% fluctuation.  Bring in what you can when it's high, enough to hold you over when it's low.

 

Idle money does nothing, so if and when, invest some in proven returns more than the crap interest any bank would offer.   Or simply spend it, as it's worth less tomorrow with inflation of late.   Bank gives you 1-3-5%, if lucky, and inflation runs at 10% a year.

 

Yea ... spend, enjoy living, 'STOP SPINNIN'   

 

 

 

[oceanbluejewell]

  On 10/7/2024 at 4:32 PM, Schoggibueb said:

To keep it simple (english isn't my mothers tounge) as also this is NOT a financial advice...

 

"Diversification is a strategy that mixes a wide variety of investments within a portfolio in an attempt to reduce portfolio risk. Diversification is most often done by investing in different asset classes such as stocks, bonds, real estate, or cryptocurrency."

 

If you want to keep it simple, work only with stable currencies and possibly gold.

You can open a additional account (e.g. Wise or maybe also Revolut) for digital banking to hold different (stable) currencies. Transaction costs are much less as with "classic" banks. And you have additional options like to fix a certain amount to exchange automatically to Thai Baht when the exchange rate reaches that point...

 

Opening a digital Bank account costs you nothing (zero!) - except a bit time for the setup. I work now since a half a year with Wise. Reliable and simple to handle. Make first a "test-run" with a small amount. Check also on the net about their reputation etc...

 

BUT: you have no intrest rate. And keep in mind, the statutory deposit guarantee protects €100,000 per deposit or per bank.

 

Expand  

I like your points ... thank you and have a fully diversified portfolio.

I currently have earnings in THB yields 3.9% after tax

THB GICs @1.6%

CAD dividend income yields 3.5% tax free to $55,002.00CAD and AMT (Alternative Minimum Tax) kicks in on the excess. 🙃

USD dividend income yields 2.2% after withholding tax.

I use wise as you indicate but not to hold any currency as the lack of return seems erosionary. Keep emergency funds in all three currencies in laddered GICs equal to 3years living expenses regardless where I live.

BTW your English very understandable thanks 😊 

 

[Gottfrid]

  On 8/2/2024 at 9:02 AM, BuddyPish said:

Boo Hoo. Still crying? 🤣

Expand  

Nobody is crying, and you are not making your living on currencies. Now that was cleared once and for all. 🙂 

[BuddyPish]

  On 10/14/2024 at 12:20 PM, Gottfrid said:

Nobody is crying, and you are not making your living on currencies. Now that was cleared once and for all. 🙂 

Expand  

Yeah and, of course I really care whether or not you believe me. 😂

[Gottfrid]

  On 10/15/2024 at 4:19 AM, BuddyPish said:

Yeah and, of course I really care whether or not you believe me. 😂

Expand  

Judging out of that you bothered to reply, one must assume that. 🙂 

[BuddyPish]

  On 10/15/2024 at 4:21 AM, Gottfrid said:

Judging out of that you bothered to reply, one must assume that. 🙂 

Expand  

 

Ass - ume whatever you like.